Everyone knows the final outcome of Japan. The plaza agreement of September 1985 ends at the beginning of 1988. The United States wants the yen to appreciate. According to the agreement to boost the yen, in May 1986, the exchange rate of the yen against the US dollar rose from 1 to 240 yen before the agreement to 1 to 160 yen. Because the Reagan administration of the United States insisted that the appreciation of the yen was not in place, it continued to push up the yen through oral intervention and other forms. In this way, by the beginning of 1988, the exchange rate of the yen against the US dollar had further increased to 1 USD pair 120 yen, which was just twice the exchange rate before the Plaza Agreement.
Are Americans satisfied? No, further, from1February 1993 to1April 1995, then Finance Minister Bates made it clear that in order to correct the trade imbalance between Japan and the United States, about 20% of the yen needed to appreciate. At that time, the yen exchange rate was about 1 USD 120 yen. Therefore, according to the induced goal of the US government, the yen market is very good. Since then, the Clinton administration has adopted a more severe attitude towards Japan-US economic relations with automobile friction as the core. By April's 1995, the exchange rate of the Japanese yen had soared to 1 US dollar against 79 yen, a record high.
What are the consequences of the appreciation of the yen? Rockefeller Plaza is back in the hands of Americans, and GM made a net profit of 400 million dollars by buying and selling this plaza! Japanese capital withdrew from the United States on a large scale at a loss in difficult days. The American people won! Successfully repelled the Japanese economic attack! We can see from the example that after 1995, the ratio of GDP between Japan and the United States has widened again, and it is getting bigger and bigger!
Maybe some netizens still don't understand, what happened to the appreciation of the yen? What does this have to do with our conversation? The appreciation of the yen is the economic blockade of Japan by the United States! Successfully transferred Japan's development wealth for more than 20 years to the United States.